Thursday, December 31, 2009
Hopefully it has been a great year to all of you. It has certainly has for me. Fruitful experiences in 2009 which also includes worked like a dog, being hospitalised for 2 weeks + medical leave for almost a week, worked like a dog, shifted office, became a home owner, became a landlord, worked like a dog, went to see lots of crappy movies and dreaming everyday to buy Kawasaki ER6-N (haha). Highlights for the year was in fact receiving the keys to my apartment in late March which was an extremely good feeling.
Check out this mashup of 2009 #1 Hits based on Billboard by DJ Earworm. This pretty much sums up my year! =)
As for #002, i'm afraid i'm still not able to find the right and the best apartment for my next project so #002 will be the #1 priority for my 2010 resolution along with a new job! ;) more update on this soon.
Happy New Year Folks! Make sure no regrets and hope you find what you are looking for this year. If you dont know what to find, then think of something to find yeah?
Adios 2009. Hello 2010.
Sunday, December 06, 2009
Browsing through all the articles inside IRRA's blog, there is a very concerning article which was rightly named Apartment Safety ! What Say You ? A must read for all residents/owners/tenants of Indahria. A very very concerning article and i must say thank you to the folks who had the time to point this out. Now i want to know what the management going to do about it.
Wednesday, October 28, 2009
Referring to the title post, i am right now seriously searching for my second property which i will call #002 from now onwards. The area that i'm searching is around Shah Alam & Sunway as i believe that there are high appreciation in this areas. Surely there are other areas that have higher appreciation than these two areas, but for a newbie like me, these areas suits me just fine.
Question that comes to mind now is whether to buy a yet to be built apartment or a proven good for rental apartment. I have several ideas in mind but i have yet to sit down and really think which one shall i call #002. Till the next post...
Monday, September 21, 2009
View Proposed Extension
The proposed Kelana Jaya LRT extension line will commence from Lembah Subang – Kelana Business Centre, through Subang, USJ, Alam Megah and ending at the hub in Putra Heights. The proposed line will consist of 13 new stations and approximately 17km of guideway.
The proposed Ampang LRT extension line will commence from the present Sri Petaling station, passing through Puchong, Kinrara and ending at the hub in Putra Heights. The proposed line will consist of 13 new stations and approximately 17.7km of guideway.
All stations will have facilities such as lifts, escalators,public telephones, suraus and toilets. The stations will also be equipped with facilities for the physically disabled such as ramps, lifts, tactiles, low ticket counters and toilets.
Both lines are expected to be commissioned by end of 2012.
Start Hunting! If you already have, well done!
Saturday, September 19, 2009
Tuesday, September 01, 2009
Original article can be found here
I have been doing lots of thinking (more like calculating) lately regarding as to how can i own and manage more properties of my own and why i should be doing it in the first place. I even asked myself, why bother & why should i invest in real estate? Then i found this article over at about.com. Have a good read!
Most of the 1990's, The Standard & Poors Index posted earning yields of 5% to 6% on average. At the same time, the dividend yields of the S & P were only around 2% or less. Since dividend paying stocks tend to be much less volatile, the gains on the appreciation side would not normally be a significant factor.
At the same time, bond yields taken as a composite, showed only around 5% returns. Better yields were riskier, while safer bonds returned lower yields.
During the same time period, real estate investors were realizing much more attractive returns due to the multiple income streams from real estate investment:
Rental yield - This is the percentage yield from direct rental income, and can be calculated as either gross or net. Experienced investors prefer to calculate the Net Rental Yield, which takes the expenses, taxes and other costs into account, and divides by the property value/cost. It could be a negative cash flow, as it doesn't take mortgage payments into account. For this reason, many investors prefer to look at Cash-on-Cash rental yields. The example at the link shows a 6.4% example return on cash invested. Though the investor can purchase and manage for a yield on this single component that exceeds average stock or bond dividend yields, it is only one of the ways in which real estate returns on your investment.
Appreciation - Rental properties normally appreciate in value with inflation. Increased value can mean sale and reinvestment in higher value properties, or provide an equity line of credit to use for other investments. This is the second, and a historically proven value component of real estate investment return.
Inflation is Rent-Friendly - Rents usually increase with inflation, while mortgage payments on the property remain stable. This increases cash flow, with more rent income without increased expense for holding the property. When inflation is up, it can also mean more renters, as the affordability of homes can be negatively impacted by inflation. More renters increases demand, so rents can escalate.
Leverage - Using leverage, while being careful to buy properties with good rental yields, provides greater returns. Using $100,000 to purchase three properties with down payments, instead of one for $100,000 cash, can greatly increase returns. Of course, all leverage involves risk, so the successful investor must understand how leverage impacts their real estate investments.
Paying down the loan - Amortization, or paying down the loan, frees up more investment resources to increase leverage. Some investors use increased equity in one property to free up funds to invest in others.
Property improvement for equity - Many investors intentionally purchase properties at a value because they lack some feature or could use some improvements in condition or amenities. They have calculated that the value of the improvements will exceed the cost, resulting in an immediate increase in equity.
Tuesday, August 11, 2009
Moving forward, everything is looking pretty good. The tenancy agreement is all completed and will be given to my tenant to be signed. Didnt even manage to become a resident of my own home but i believed i made the right decision by renting my place out. My passive income column is growing, slowly but surely.
Wednesday, July 29, 2009
The apartment has now found its new tenant today and i hope that this would be a great and long win-win situation between myself and my tenant. As i have previously mentioned, i was in no hurry to find a tenant but hey, why not? Of the many types/places that i have put up my ad (mudah.my, forums, etc, etc) my tenant found my ad from a channel that many of us would not even think of putting up an ad there but it definitely works for me (& i am not telling how) Boo!Hoo!
More stories regarding this later. In the mean time, i am getting myself occupied with a Tenancy Agreement to prepare, got minor repairs and adjustments need to be done to the apartment, final checks with the management office to be sorted out and heyyy, finally, postive cash flow starts flowing... i can just feel it.
Saturday, July 18, 2009
Type: Apartments, For Rent
Size: 1008 sq.f
- Brand new unit facing Federal Highway
- 3 bedrooms + 2 bathrooms- 15 minute walk to KTM Batu Tiga
- Easy access to Tesco, Giant, Stadium Shah Alam
- Nearby to MSU & PTPL College
* 1 Carpark
* 2 A/C Units (master bedroom & living hall)
* Lights & Fans (all rooms & living hall)
* Curtain Railings (all rooms & living hall)
* Shower Railings
* Water Heater (master bedroom)
* Window Grill
* Simple Kitchen Cabinet
- Deposit 2 + 1 + RM400 (utility)
- View to appreciate
- Agents are more than welcome
- Available immediately!
- Please sms/email me your name and contact number and i will contact you back if i am not available to answer the call
- Interested parties please email/call/sms:
Monday, July 13, 2009
Checklist of items that i will be providing:
- 2 air conditioners (master bedroom & living hall)
- lights & fans (all rooms & living hall)
- curtain railings (all rooms & living hall)
- water heater (master bedroom)
- window grill
- simple kitchen cabinet
- shower railings
Friday, July 10, 2009
It has been a while since i last posted anything here. Anyway, here are some pics:
Monday, June 08, 2009
Friday, May 29, 2009
Tuesday, May 26, 2009
Friday, May 22, 2009
Persiaran Jubli Perak
40300 Shah Alam
Selangor Darul Ehsan
Haih, first the name change from Indahrisa to Indahria, now the address is also changed. Can the developer change the location to perhaps somewhere in KLCC?